US100 Index (NASDAQ): Bullish Outlook For Next Week
This week, NASDAQ Index broke and closed above a horizontal neckline of a cup & handle pattern on a daily.
We see its retest now.
I will expect a bullish continuation next week at least to 13550 level.
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Us100
US100 14May2023last week the performance of the Nasdaq was in accordance with the analysis, still continuing the bullish trend. the bullish trendline also supports the analysis with a bar movement with a slope of 45 degrees, we take the opportunity to buy next week
Nasdaq levels to watch & potential move. US100 📈Hello guys, Everything is marked on the chart for you like always. Monitor the price's action in the circles to enter your position.
Good luck.
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Write your comment and opinion below for me
NQ1! NAS100USD NASDAQ 2023 15 May WeekCME_MINI:NQ1!
Last week 1 trade done at short from rotation high, stopped out,
we will be looking at possible senarios below:
1) Breakout success: Price comes down on lower volume, finds support,
for a Test and Accept long. Nearest target is 13740.
2) Breakout Failure: Price rejected at higher prices, for a test and
reject short, back into rotation area.
Note: If you see higher lows being formed in the rotation area, this may
be followed by a successful break, and market will
attempt 13740. Draw your trendlines to observe.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
15186 13740 13350
12936 12130
Price Volume Analysis:
Weekly: No Demand narrower spread up bar close off high = Weakness
Daily: Higher bullish volume observed, close off high = weakness
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
US100 Technical Analysis! SELL!
My dear subscribers ,
US100 looks like it will make a good move, and here are the details:
The instrument tests an important psychological level 13320.7
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 13162.8
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
#US100: Real Estate CRASH and China's trade Collapsing#US100 Trend Short Bearish
Market Phase High Volatility
Current Phase: Sideways Bearish
VP Shift: D-Shape
Fundamentals
Americans pay $ 2,538 a month for their home loan
Who can, should, wants to pay for it? Three years ago, Americans paid ( on average ) less than $ 1,500 a month for their real estate loan. Today they pay $ 2,538. This is a record high, and an increase of 11.6% over the previous year, according to the current data of the provider Redfin. In the first graphic we see the course of the years 2020 to 2023. The orange line shows this year's climb. In the second graphic, we have seen the development of sales of existing houses in the #USA since 2003. The current crash does not yet reach the dimension of the 2008 financial crisis, but it is a significant crash. Sure: When the monthly burden on a property is no longer sustainable for the average American, fewer and fewer people buy a house. The 30-year mortgage rates are loud Mortgage Bankers Association currently at 6.43 %. At the end of 2021 – shortly before the start of the big interest rate turnaround in the USA, it was around 3 %.
This new high in the monthly burden on a real estate loan in the USA was reached, according to Redfin, although the average selling price for homes in the four weeks to the 16th. April decreased by 2.6% compared to the previous year – is the largest decline in over a decade. Increased housing costs are one reason why potential home buyers are reluctant: upcoming house sales have decreased by 19% compared to the previous year, the largest decline in almost three months, and mortgage purchases decreased 10% last week. Buyers are also hampered by the lack of houses for sale because the number of new advertisements has decreased by 21% because homeowners rely on comparatively low mortgage rates.
But even if fewer people buy a house, many are looking for it. The Homebuyer Demand Index from Redfin – a measure of inquiries about visiting houses, submitting an offer or starting a house search – rose in the week to the 16th. April by 3% compared to the previous week and by 12% compared to the previous month %. Compared to the previous year, the demand index fell by 7%, which is the smallest decline in eleven months.
„ #Home buyers go window shopping and many enter the shop, but only a few of them come to the checkout “, as Redfin's deputy chief economist Taylor Marr puts it. „ There is not much choice on the shelves, and high mortgage rates and still high prices make houses too expensive for many buyers. Some buyers are discouraged by the rise in mortgage rates this week, partly due to the unexpectedly high bank profits that an increase in interest rates will result from Federal Reserve make it more likely next month. “
Nasdaq: The climb remains fragile – Rally weighs solely on Big Tech
Driven by strong Apple numbers and a rebound in the struck Bank shares there was a rally on Wall Street on Friday. The market width S&P 500 rose by 1.85% to 4,136 points, while the Nasdaq 100 even recorded an increase of 2.13% to 13,259 points. The Dow Jones had a gain of 1.65% to 33,674 points. With the Quarterly report from Apple, the reporting season in the United States has reached its peak. The Big Tech values all delivered good numbers, which kept the technology index Nasdaq at a high level.
This week the focus is on new ones Inflation data, mainly because the labor market report on Friday was significantly better than expected. Given the robust labor market, fears are increasing that consumer prices ( CPI ) could be higher than expected. The sharp rise in wages is an indication of this. As the US Department of Labor announced, average wages rose 0.5% in April compared to the previous month, but were expected to be only 0.3%. Hourly wages even rose by 4.4 percent compared to the same month in the previous year. Inflation could remain sticky due to rising wage growth. An early one Change in interestthe US Federal Reserve is becoming increasingly unlikely. The longer the interest rates remain at a high level, the thinner the air for sensitive technology stocks is likely to become.
Nasdaq: Big Tech reviews a problem?
Nevertheless, many investors have recently accessed Big Tech shares. But that is mainly due to the banking crisis. Investors are currently preferring safe ports such as gold and solid companies, which include big tech values in particular. These recently led the rally in Nasdaq. Because of the enormous market weighting alone, Apple is a driver of the rally. The heavyweight increased by 33% this year and was therefore an important pillar for the Nasdaq. However, Big Tech is now extremely sporty. Apple comes up with a PE ratio ( KGV ) of 29.50, which is significantly above the historical average. The share was valued higher only once before, during the Corona crisis ( KGV of 35.3 ).
The PE ratio of the Nvidia share, however, reached a value of 164.80, never before was the share so expensive. The current AI hype probably has a large part in it. Considering that earnings per share ( EPS ) of the large tech heavyweights like Microsoft and Apple have been stagnating for a year and a half or in the case of Nvidia even declined sharply, suggesting that there is not much room for maneuver. However, given the high weighting, the Nasdaq is dependent on Big Tech. If the tech heavyweights stall, it will also be difficult for the Nasdaq. The market width is therefore the big drawback, this is particularly evident in the wide-ranging Nasdaq Composite. The Advanced / Declineindicatorcurrently shows the non-existent market width. So the recent surge remains fragile as long as the rally is mainly on Big Tech's shoulders.
Nasdaq: Outbreak attempt
For the Nasdaq 100, the weekly closing went to a new annual high of 13,293 points. The Nasdaq 100 Futures climbed to a high of 13,358, which means that it was just under the high of 01. May at 15,365. But at the upper limit of the sideways range at around 13,350 it was over for now. Since 30. March, the technology index mainly deals in a range between 12,960 and 13,350 points.
In order for the eruption to succeed on the top, the Nasdaq Futures must rise sustainably over the barrier. Then he could aim for the next mark at 13,420 and the zone at 13,565 / 615. An increase up to the course of the 16th. August at 13,732 would also be possible. However, it only becomes critical again when the index falls below 13,030 and then breaks the lower limit of the range. In this case, taxes up to 12,810, 12,737 or 12,678 are likely.
#Realestate: does the crash start from #Sweden?
Since interest rates have risen worldwide, real estate prices have been under pressure - this is especially true for Sweden
Since interest #rates have risen worldwide, real estate prices have been under pressure –, especially for Sweden. Real estate prices have been falling sharply there for months, now the larger landlord of commercial real estate is coming under pressure. Is that just the tip of the iceberg?
Because in the USA, too, the prices for commercial real estate in descending flight – are a problem for the US regional banks, which are already under pressure, and which have granted the most loans in this area. Morgan Stanley expects one for the American commercial real estate market bigger price drop than even in the financial crisis.
In #Europe, however, Sweden could be the first domino to fall in real estate! In Sweden, prices were in times of zero interest rates massively increased, now the crash threatens. Many Swedes only paid interest for years, but did not repay the loan at all – in anticipation of further rising property prices. The situation with commercial estate in Sweden is even more precarious.
Sweden: Real estate crisis worsens – Focus on commercial real estate
The financing terminal in parts of the Swedish real estate sector is escalating. One of the country's largest commercial real estate rental companies, SBB, has announced that it will suspend its dividend payment after downgrading its credit rating to the high standard level. He also canceled a planned capital increase with which he wanted to strengthen his balance sheet. Bloomberg reports that.
The share price of #Samhallsbyggnadsbolaget i Norden AB fell on Tuesday by up to 9.5% to the lowest level in five years. There had already been a 20% price slide on Monday after the rating agency S&P Global Ratings had lowered the SBB credit rating to the high standard level.
#SBB announced on Tuesday night that the market reaction had thwarted a planned subscription rights issue for young shares in the amount of 2.6 billion crowns ( 233 million euros ) and that real estate would therefore be sold, to strengthen liquidity. It also announced that the dividend would be postponed.
SBB is symptomatic of a major problem in the Swedish real estate industry. The equivalent of around EUR 37 billion is due in the next five years, a quarter of which is due this year. They are therefore also considered an early warning signal for the European real estate sector in general, because a large part of their debts have short-term and variable interest rates.
Arctic Securities AS welcomes SBB's plan to improve its liquidity situation. “ These two decisions, the suspension of the dividend payment and the cancellation of the planned issue of D shares, are generally positive for SBB shareholders ”, said real estate analyst Michael Johansson. “ The problem for SBB is that the dividend has already been decided by the general meeting, so their only option is to suspend it. ”
Sweden's largest landlord is fighting with a debt burden of the equivalent of more than seven billion euros. The downgrading and the stock collapse are also blows for CEO Ilija Batljan, who has repeatedly assured investors that he would take action, to defend the company's first-class rating in the face of rising interest rates and increasing investor fear of the sector.
Danske Bank A / S sees the canceled share issue as a “ sign that #SBB currently has no access to the capital markets ”. This increases the refinancing risks.
Real estate prices in Sweden: Descent continues unabated
Swedish real estate prices continued one of the worst descents in the world, which could be further fueled by the interest rate hikes, which have not yet become fully effective.
Home prices fell seasonally adjusted by 1% in April, led by the drop in single-family house prices, according to SBAB data published on Monday. This follows a decrease of 0.
8% in March.
The data were released after the Swedish central bank announced a half-point increase in interest rates to 3.5% last week and forecast a high of 3.65. Since most Swedish mortgage rates are only set for three months, it will take some time for the Riksbank's latest move to fully affect borrowers. The state lender therefore assumes that the trend that can be observed in Canada and Australia, among others, will continue as mortgage costs continue to rise.
Sweden's house prices will continue to fall, not only the Swedish central bank warns:
„ We expect prices to continue to fall in spring and early summer, especially if the recent increase in Riksbank has been fully incorporated into mortgage rates “, SBAB chief economist Robert Boije said in a statement.
The weakness of the real estate market, which according to SBAB has so far led to an average loss in value of 16% for single-family houses, is weighing on the Swedish economy. It also means problems for the construction sector, which accounts for around 11% of Swedish economic output. In the first four months of the year, the number of bankruptcies in the construction industry rose by 29%, according to data published by the credit agency UC on Tuesday.
China's trade with the United States and Europe continues to collapse
China: Lousy import numbers – global recession likely
The western financial markets are reacting with falling courses on the extremely weak data on the import of China – because this has made a global recession more likely.
One thing is also becoming increasingly clear: the recovery in China is much weaker than expected, the Middle Kingdom cannot fulfill the function of the growth locomotive for the global economy even after the lockdowns have ended.
China is facing declining imports and slower export growth, which is clearly clouding the country's economic outlook. China's trade with the United States and Europe continues to break in, which suggests either a sluggish economy up to the recession or a further progressive decoupling with China – or both.
Either way: the miserable import data show a massive weakness in demand in China – because the decline in China's imports of -7.9% compared to the same month in the previous year is dramatic in that regard, when large parts of China were in the lockdown at the time! So now, despite the end of the lockdowns, imports continue to fall.
China: Significantly shrinking imports, slower growing exports
China's imports shrank significantly in April, while exports rose at a slower pace. This development reinforces the signs of weak domestic demand despite the lifting of COVID restrictions and puts additional pressure on the economy, which is already struggling with slower global growth.
Compared to the previous year, imports into the second largest economy in the world fell by 7.9% after having already decreased by 1.4% in the previous month. Exports, on the other hand, increased by 8.5%, which means a slowdown compared to an increase of 14.8% in March, as stated by the customs authority's data on Tuesday emerges.
In a survey, economists did not expect growth in imports, while an increase of + 8.0% in exports forecast had been.
Government officials have repeatedly warned of a „ difficult “ and „ complex “ external environment.
However, the significant deterioration in trade flow in the past month will only increase concerns about foreign demand and the risks to the domestic economy, especially against the background of the weak recovery compared to the previous year, when imports and exports were severely affected by the COVID 19 restrictions in China.
The decline in imports suggests that the global economy can no longer benefit greatly from China's domestic growth engine. At the same time, it is also increasing the extent of the weakness of some important trading partners such as Vietnam as a sign of a global recession.
According to analysts, the drastic monetary tightening measures of the past 12-18 months and the recent burdens in the western banking sector are worrying both China and the global economy about the recovery prospects.
China: Declining exports to the United States and Europe
Exports to the United States decreased -6.5% year-on-year to $ 43 billion in April, while imports fell -2.9% to $ 13.3 billion. China's trade surplus shrank by -7% to $ 29.7 billion.
Trade with Europe also declined. Exports to the European Union decreased by -17.7% in April to $ 44.7 billion in April. Imports also shrank by -38.6% to $ 23.4 billion. At the same time, China's trade surplus with the EU grew by + 31.5% to $ 21.3 billion.
Deliveries to ASEAN slowed to + 4.5% in April, compared to + 35.4% in the previous month. The region is China's largest export partner.
Declining imports of important raw materials indicate a waning economy
China's coal imports also declined in April after reaching their highest level in 15 months in the previous month. This indicates a decline in economic demand. Imports of copper, an indicator of global growth and natural gas, also declined during this period.
Overall, the data again paint a mixed picture of the economy in China. The recovery is further slower than hoped. The consumption that Xi Jinping wanted to establish as the second pillar of the economy with its „ inner cycle “ does not really start. Europe and the United States take less goods, and that is the end of it decoupling continue – either because the economy is weak, or because it is politically wanted.
China continues on its way and finds other sales markets. The latest official purchasing manager index for manufacturing in April showed a significant contraction of the new export orders, which illustrates the challenges, Chinese decision-makers and companies are facing each other in the hope of a robust economic recovery after COVID.
Disclosure according to § 80 WpHG for possible conflicts of interest:
The author of this publication declares that he can be invested in any of the financial instruments mentioned, analyzed or commented on at any time. This may result in a conflict of interest. However, the author assures that he has prepared every analysis and every market comment in compliance with journalistic due diligence, in particular the obligation to report truthfully as well as the necessary expertise, care and conscientiousness.
US100 Will Go Lower From Resistance! Sell!
Please, check our technical outlook for US100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 13412.0.
Taking into consideration the structure & trend analysis, I believe that the market will reach 12451.1 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NASDAQ expected to Buy!!!!!!We have a nice break of structure and price left a fair value gap which needs to be filled first, giving us buy entries once we tap into the OB.
For now let us wait and observe price action. Once we tap into our zones we will pull the trigger upon getting confirmations.
All the best!!!!!!!!!!
NASDAQ One last pull back possible but bullish nonetheless.Nasdaq has formed a Rising Wedge with the price near its top.
Another pull back to the 4hour MA50 is technically feasible and if it happens, buy and target 13500.
If the price crosses above the Rising Resistance, then buy the break out and target Resistance A at 13730.
Previous chart:
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NASDAQ: Keep buying on pullbacks.Nasdaq has turned the Channel Up into a Rising Wedge on the 4H time frame with technicals healthy bullish (RSI = 60.461, MACD = 23.460, ADX = 25.411). The current rebound is on the 4H MA50 and every pullback is a buy opportunity, targeting the top of the Rising Wedge (TP = 13,450). If it closes under the 4H MA200, we will add a second buy, targeting the top of the Channel Up near R1 (TP = 13,650).
Prior idea:
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spx 900Good morning esteemed individuals, bag holders, and exit liquidity providers.
In my previous post, I dissected the Dow Jones and received a plethora of animosity for it -
thus, I have returned to impart additional truths upon the disgruntled boomer brethren, much to their chagrin.
---
Within Elliott Wave Theory, the third and fifth waves typically exhibit a notable bearish divergence,
as elegantly depicted in this 12-month chart.
Higher degree Wave 4s often retrace to the territory of the preceding degree's Wave 4.
To affirm the culmination of the 13-year movement spanning from 2009 to 2022, one may peruse my post below:
Note that, at the time, I was observing the market through a rather conservative lens,
failing to consider the myriad of appalling truths I have since unearthed regarding the system to which we all regrettably belong.
---
What lies ahead surpasses the darkest depths of our current imaginations.
You, the one in denial, shall bear the brunt of the impact.
--Brace for the worst,
and may fortune favor your 401k.
NASDAQ Still bullish with 2 scenarios within the Channel Up.Nasdaq (NDX) continues to trade within the March 20 Channel Up and is approaching the 4H MA50 (blue trend-line), having had the last rebound on the 4H MA200 (orange trend-line). The price action is starting to look a lot like April where a Channel Down took the price to the Channel Up bottom and then had a +4.50% rebound. If this prevails we will add a new buy on the 1D MA50 (red trend-line) and target 13400. If the price though closes above 13300, it invalidates this and we will buy the break-out instead, targeting 13500 (+4.50% rise from the bottom).
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50 years of chop.good morning,
---
what if i told you right now,
that the stock market was about to enter into a 50 year correction?
you'd probably dismiss it right away and go about your day,
and that's natural,
i get it.
---
i'm not here to appease to your overall bias -
in fact, i am here to directly oppose it.
---
what i'm bringing to you today,
is the idea of the completion of the primary third wave in the stock market.
>if one looks at the yearly picture, one will notice a bearish divergence between the intermediate 3rd and 5th wave, of the primary degree wave (3).
>this is highly indicative that the wave has indeed been completed.
---
i am estimating that the 4th wave takes roughly 50 years to complete, and i theorize that it has begun as of the recent top in 2022.
the original author of this idea was robert pretcher (the writer of elliott wave theory principle),
this idea was initially introduced to me by my mentor, @bitdoctor a few years back.
it has lingered in my mind through out the years, it has haunted me every single day as i have been looking for ways to confirm or find a way to invalidate it.
as of today, i believe i have the necessary data to prove their original theory to be in fact, true.
---
>this doesn't mean that we can't make a new high, in fact that is not what i'm trying to say here at all.
>what i'm simply stating here, is that there's an extremely high probability that the stock market is going to move sideways for the next 50 years.
>i might even be early a few years here, so please don't use this idea as any kind of financial advice, because quite frankly - it is very far from it.
---
the minimum downside target for the macro fourth wave,
is the previous degree wave 4 territory,
which in this case sits between :
$7,000 -12,000.
🍒
US100 Will Go Up From Support! Long!
Please, check our technical outlook for US100.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 13254.5.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 13600.7 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
NASDAQ BULLISH OUTLOOKThe trend of NASDAQ seems to continue, despite a resistance that is forming around 13250 mark. The instrument had tried few times to breach it, and currently is trading above it, but the breach is still not significant and might revert.
The technical indicators, though suggesting that NASDAQ still has steam to continues it upward movement, with RSI above the 50 neutral line and the fast MACD line crossing the slow MACD line and the histogram reaching positive territory.
If the breach of the resistance turns out to be genuine, the instrument might reach levels of 13740. In the opposite scenario, if the price reaches 12800, it might pivot and continue its decent.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ Falling Wedge bullish breakoutNasdaq crossed over the Falling Wedge pattern, which is a minor construct inside the long term Channel Up.
The breakout started after the price rebounded on the MA50 (4h).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13600 (5.66% rise and near Resistance 1).
Tips:
1. The RSI (4h) is identical to the RSI on the first Falling Wedge breakout of this Channel Up. This is how the +5.66% expectation is calculated.
2. The MA50 (1d) is a little under the Channel Up and is the current Support and last buy entry if the price pulls back.
Please like, follow and comment!!
Notes:
Past trading plan:
US100 Massive Long! BUY!
My dear subscribers ,
US100 looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 13222.9
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 13400.3
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Nasdaq-100 Index (US100) Swing Trade Explained
Nasdaq Index formed a cup & handle pattern on a daily.
13180 - 13300 is its neckline.
If the price breaks and closes above that, I will expect a bullish trend continuation.
The next goal for buyers will be 13600.
For entries, you can consider the occasional retest of a broke neckline with a safe stop loss lying below the handle.
❤️Please, support my work with like, thank you!❤️
us100A long position in US100 means buying the expectation that the index will increase in value over time. It represents the largest non-financial companies listed on the Nasdaq stock exchange, including technology giants such as Apple, Amazon, Microsoft, and Facebook.
nasdaq analysisdear traders nasdaq was strong last week and the daily candle close bullish so we expect price to correct this move if you follow the instruction you ll be good
trade safe and don t over risk
nasdaq, updated [primary]good evening, and happy sunday.
---
decided to share the updated version of my count tonight,,,
>the key to this count is the spx500, which will be shared in the next post (keep an eye out for it).
---
what i'm portraying here is called a zig-zag.
the nasdaq came down from all time high in 5 waves,
5 waves is labeled either wave 1 or wave a.
in this case, to be extremely conservative, i am choosing to label it as wave a.
---
once 5 waves down was attained, the nasdaq begun to retrace the 5 wave move, which is called wave b.
wave b can take many different forms, shapes, and vibes.
in this case, i'm calling it a regular zig-zag, thanks to the clarity which the spx500 + bitcoin are portraying.
---
my target for wave b has been the same since the 2022 lows,,,
15.2k.
>got you an update once wave b has been completed later this summer.
✌